* Helmerich and Payne Inc reported quarterly adjusted earnings of 84 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $1.26. The mean expectation of eighteen analysts for the quarter was for earnings of 85 cents per share. Wall Street expected results to range from 61 cents to 98 cents per share.
* Revenue fell 10.6% to $687.94 million from a year ago; analysts expected $680.68 million.
* Helmerich and Payne Inc's reported EPS for the quarter was 84 cents.
* The company reported quarterly net income of $83.59 million.
* Helmerich and Payne Inc shares had risen by 0.9% this quarter and gained 17.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 16.1% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the oil & gas drilling peer group is also "hold"
Wall Street's median 12-month price target for Helmerich and Payne Inc is $46.00 This summary was machine generated from LSEG data April 25 at 01:32 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.85 0.84 Missed
Dec. 31 2023 0.72 0.97 Beat
Sep. 30 2023 0.76 0.69 Missed
Jun. 30 2023 0.91 1.09 Beat
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